After a couple of years of work in preparing the tax reform Bill and several months of discussion and debate in the Colombian Congress, the government approved Law No 1607 on December 26 2012. With 198 articles, the law seeks to confront tax evasion in Colombia, as one of its main objectives. Diego González-Béndiksen De Zaldívar, head of DIAN’s (Colombia’s National Tax and Customs Direction) International Audit Unit, and Andrea Medina Rojas, an international auditor in the unit, describe the law’s process and what it will mean for taxpayers.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems